Before You Apply: 6 Things You Must Know About the Tata Capital IPO

2025 is shaping up to be a blockbuster year for Indian investors — and one of the biggest market events has arrived: the Tata Capital IPO. Backed by the trusted Tata Group, this listing is generating excitement among both retail and institutional investors.

If you’re thinking of applying, here’s a simple breakdown of everything you need to know.

The Tata Capital IPO is among the largest of 2025, with the company aiming to raise ₹15,512 crore. The price band is set between ₹310 and ₹326 per share, and investors can bid in lots of 46 shares. That means the minimum investment is roughly ₹14,000–₹15,000.

The issue includes both a fresh issue (to strenghtening its capital base by augmenting the company's Tier – I capital base) and an offer for sale (OFS), allowing existing shareholders to partially exit. This approach provides new capital for the company while offering liquidity to investors.

Tata Capital isn’t your average NBFC. It’s India’s third largest diversified financial service provider, offering retail and SME loans, home finance, wealth management, and infrastructure lending. Its loan book stands at a whopping ₹2.33 lakh crore, with income growing at a strong 44% CAGR over the past two years.

Despite rapid growth, asset quality remains solid — Gross Stage 3 loans are just 2.1%, and the provision coverage ratio is 54%, showing careful credit management.

In short: Tata Capital combines the trust of the Tata brand with strong financial performance, a diversified business model, and solid governance. For investors, this IPO is a chance to invest in a financial powerhouse with long-term growth potential. 

Prior to its IPO, Tata Capital shares were actively changing hands in the unlisted market amid strong investor enthusiasm.  However, the unlisted shareholders received a rude shock after the IPO price was announced.

Ironically, the issue price at (the upper price of) ₹326 is at a staggering 56% discount to the last price of ₹735 in the unlisted market and almost 70% from its peak in April 2025 when investor frenzy around the stock was a the highest. 

The Grey Market Premium (GMP) indicates what investors are willing to pay unofficially above the IPO price — a sneak peek into market sentiment.

Currently, Tata Capital’s GMP is around ₹9 per share, suggesting the stock could trade near ₹335 in the grey market. 

What this means: 

• Moderate optimism among investors
• Expectation of a steady listing gain rather than a huge spike
• Positive sentiment reflects long-term confidence more than short-term speculation 

GMP can change daily based on subscription numbers, market mood, and new updates. A small but positive GMP like this signals healthy demand, which often leads to stable post-listing performance. 

On Day 1, the IPO was subscribed 17%. That’s a decent start — not overly aggressive, but showing interest.

Institutional and HNI investors typically jump in during the last two days, so real momentum often comes later. For now, the steady pace shows that investors are carefully analyzing fundamentals — a sign of mature participation. 

Here’s your quick timeline:

Allotment Date: October 9, 2025

listing Date: October 13, 2025

Allotment results will confirm if you got shares, and the listing will show how the market values Tata Capital. 

If you want exposure to a strong NBFC backed by the Tata Group, this IPO is worth a close look. The brand trust, diversified business model, and consistent growth all work in its favour.

However, high leverage and RBI supervision add some risk. This IPO is best for investors with a moderate to high-risk appetite who believe in India’s financial growth story.

Our Take: If you’re a long-term investor looking for a blend of growth and stability, Tata Capital could be a smart addition to your portfolio. 

What is the Tata Capital IPO GMP today?

Around ₹9 per share, signaling moderate optimism and a likely steady listing above the issue price.

Is Tata Capital IPO a good investment?

Fundamentally strong, backed by Tata Group, with solid growth and diversified operations. Consider high leverage (6.5x) and NBFC risks before investing.

What is the Tata Capital IPO listing date?

Shares will list on October 13, 2025, on NSE and BSE. Allotment results come on October 9, 2025.

What is the minimum investment required?

Lot size is 46 shares. At ₹326 per share, the minimum investment is ~₹14,996. Retail investors can apply for up to 13 lots (~₹1.95 lakh).

Will Tata Capital IPO give listing gains?

Analysts expect modest listing gains of around 2–4%. It’s likely to be a stable, solid debut backed by fundamentals.